Matthew Tenk
Broker of Record
242 Furnival Road Rodney, Ontario N0L 2C0
$499,900
Are you looking for your next solid real estate investment? Welcome to 242 Furnival Road located in the peaceful town of Rodney minutes from the lake offering you a unique 5 unit investment to diversify your portfolio or have your money go further as a newer investor! Many investors are branching out to tertiary/smaller markets where the numbers make sense and there are many benefits to investing in a small town including; lower barrier of entry, less competition and you are able to make more of an impact in smaller towns building a community. Creative financing is also an option on this property. On the main floor there are 2 commercial spaces (one is currently vacant). Moving up to the second floor you will find 3 residential units- each with 2 bedrooms & 1 bathroom. There is a lot of upside on this one with 1 vacant unit and units with under market rents. You are not going to want to miss out on this opportunity! Financials are available as well as VTB terms upon request. (id:39551)
Property Details
| MLS® Number | 40271406 |
| Property Type | Multi-family |
| Amenities Near By | Beach |
| Community Features | High Traffic Area |
| Equipment Type | None |
| Features | Corner Site, Visual Exposure, Beach, Paved Driveway, Country Residential |
| Parking Space Total | 3 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 6 |
| Basement Type | None |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Aluminum Siding, Brick |
| Fire Protection | None |
| Fireplace Present | No |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Boiler |
| Stories Total | 2 |
| Size Interior | 7265 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Beach |
| Sewer | Municipal Sewage System |
| Size Depth | 122 Ft |
| Size Frontage | 33 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Com/res |
https://www.realtor.ca/real-estate/24488834/242-furnival-road-rodney
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London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage
June 08 2022 03:11:14
